• Dr.UMAMAHESWARI.K
• Dr. SARAVANAN.V
• Mr.VIJAY.C.R

Abstract Money Management refers to the process of balancing one’s individual wealth and income with financial needs, desires, and goals. Though some of us may survive without sophisticated money management strategies, none of us can escape financial pressures entirely. Most of us hold jobs during the most productive adult years of our lives, and the income we bring in must be managed effectively if we are to satisfy our basic needs and lead fulfilling lives. The decisions we make regarding our personal finances can be complicated, and they change as we pass through the various stages of life. While we may start our adult lives simply depositing our paychecks in bank accounts and spending most or all of that income using cash, checks, and credit cards, as we age we may find ourselves drawn more deeply into the worlds of borrowing, saving and investing, and insurance. Money Management involves making every financial transaction worth the expense: 1. Avoid any expense that appeals to vanity or snobbery 2. Always go for the most cost-effective alternative (establishing small quality-variance benchmarks, if any) 3. Favor expenditures on interest bearing items over all others 4. Establish the expected benefits of every desired expenditure using the canon of plus/minus/nil to standard of living value system.

Money Management , expenses tracking, personal finances

"“Managing Money – The Strategic Technique for an Expenses Tracking”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.620-626, June-2019, Available :http://www.jetir.org/papers/JETIR1907T62.pdf

"“Managing Money – The Strategic Technique for an Expenses Tracking”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp620-626, June-2019, Available at : http://www.jetir.org/papers/JETIR1907T62.pdf